No. I am a sales agent. For further information, please see Sections 1102.001 and 1102.002 of the Texas Occupations Code and Rule 535.223. Who registers an assumed business name, team, or alternate name? and more. Can any of these courses be used towards the required qualifying courses to obtain a sales agent license? Also, please review the advertising rule for inspectors found at Rule 535.221. For a general partnership or individual broker, the assumed business name is filed with the county clerk in the county or counties where you do business. The proposed amendments also remove single-system inspections from the list of exemptionsmeaning the requirements in 535.223 would apply to those inspections. The proposed amendments to535.133 will limit an existing regulation to correspond with applicable law. Specifically, the proposed changes in subsection (a) align the rule language more closely with the applicable statutory language and simplify the list of exceptions related to contract form use by license holders. Does an employee of the corporation need a license to sell or lease the property? My broker did not fill out our contract properly and the effective date is blank. Include your name as it appears on the application, a copy of your government-issued photo ID, and your telephone number to TREC. Effect of Disciplinary Action on Liability. License holders must meet Continuing Education (CE) requirements during each two- year license period. The buyer should only choose Paragraph 7D2 if there are specific repairs known at the time of the contract that the buyer wants the seller to pay for. Under inspector advertising Rule 535.221, an inspector may not engage in false or misleading advertising. Rule 535.34 provides guidelines to determine if evidence of an employer/employee relationship exists. TREC publishes the Information About Brokerage Services Form, TREC No. [TRELA 1101.652(b)(9)] Further, paying an operating expense or making a withdrawal from a brokers trust account for any purpose other than proper disbursement of trust money is prima facie evidence of commingling. No. Finally, subsection (i) is removed to more appropriately reflect agency practice and jurisdiction. This site requires javascript. [Rule 535.154(a)(5)]. Team names must end in team or group and cannot contain the words brokerage, company, associates or other similar terms. A broker may authorize another license holder to withdraw or transfer money from a trust account. Also, although TREC does not regulate where a license holder places a sign, a license holder is responsible for compliance with any rules, restrictions, or regulations covering placement of a sign in their local area. [TRELA 1101.803, Rule 535.2(a)] A sales agent may not lawfully engage in brokerage activity unless the sales agent is associated with, and acting for, a sponsoring broker at all times.
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